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, he wants to-- one, he wants to cut tax breaks or companies that outsource. when companies outsource the net effect is to create more jobs that were here. people were able to buy goods cheaper because companies are able to make the goods cheaper and buy goods cheaper and spend more money in other sectors, two the other they think he wants to do, he wanted to invest in education and training programs. that's all well and good, brenda and we know that's going to cost millions and millions of dollars, but that's not how the economy works. >> gary b, it's spending more, what does that do to the debt? >> well, brenda, he tries to get up, up, up. when i went to work for ibm 30-odd years ago, the government didn't teach me how computers work. bem caught me. rockefeller's oil company taught people how to drill for oil and gas and the third thing that strikes me that's not going to work. he wants to double manufacturing jobs, increase manufacturing jobs, that's fine, but why does the manufacturing get the benefit of government largest, why not the financial sector, oil and gas, all of this st
government. >> that trickle down government phrase looks like an attempt to neutralize attacks on his tax plan as just one more version of, quote, trickle down economics. romney did some major cleanup work yesterday on the comment that had been the most damaging to his campaign in the last few weeks, the 47% comment. >> clearly, in a campaign with hundreds if not thousands of speeches and question and answer sessions, now and then you'll say something that doesn't come out right. in this case i said something that is just completely wrong. i absolutely believe, however, that my life has shown that i care about a hundred percent. >> that's what he said. everything he said there he said was completely wrong. does raise this question. how many resets can a presidential nominee have? take a look at romney's shifting responses over the last three weeks on 47% to put it all in perspective. >> as i point out i recognize that among those that pay no tax approximately 47% of americans i'm not likely to be highly successful with a message of lowering taxes. you know, it's not elegantly stated. let
calling for higher taxes on the rich and new spending plans and it comes as we find out the economy's slowing, and someone here says the economic patriotism will only cause this number to keep growing. and take the economy down for good. are they right? hi, everyone, i'm brenda buttner, this is bulls and bears, here are the bulls and bears, gary b smith, tobin smith. jonas max ferris. and welcome everybody. gary b, is economic patriotism exactly what the economy needs? >> well, not this version of economic patriotism. you know, i think this plan is going to do a lot more harm than good, brenda, especially to the country's bottom line. look, i went through the plan, obama's plan. i went through his tv commercial, three things jumped out that just didn't make any sense, one, he wants to-- one, he wants to cut tax breaks or companies that outsource. when companies outsource the net effect is to create more jobs that were here. people were able to buy goods cheaper because companies are able to make the goods cheaper and buy goods cheaper and spend more money in other sectors, two the o
of ten year time frame we would manage the cut and spending and tax increases and in investments, we need do all three. we need to tax, cut, and invest in the source of our strength. i think that would have a huge effect. i think americans today feel in many ways like children of two divorced parents. i think it's a pal in the country in a lot of ways. it would be huge. if we got a grand bargain on energy how to exploit the boundary of -- i think the two together would have a huge impact. so the question is how close are we to that? and, you know, i have a saying about the middle east which applies to the american politics. all important politics happens the morning after the morning after. >> when is that? >> here i'm talking about the election. here i think the question really is i don't know how the election is going come out. i make no prediction. i ask myself if romney gets smashed, if he gets smashed, it would -- i happen to think the political problem in the country we have a center left party and we have a far right party. that is a structure problem. the republican party has gone
our record and our pro-growth tax reform cuts taxes 20% and higher take-home pay for middle class and pro-growth economic policies, that creates about 7 million jobs. so, the final analysis, people will realize, all the president is offering is more of the same with another round of stimulus and higher tax rates on job creators. we are offering very specific reforms, how do you save and shrink the medicare and social security and prevent the debt crisis and grow jobs, how do you have an interview policy that unleashes american internally and has energy independence? >> chris: here's my question, though, the fact the message has not gotten through as effectively as it could, so far, is that your fault? the romney campaign's fault or the voters fault. >> look, i think the president has done an effective job at trying to confuse the issue and disrupt positions an distract people, but, at the end of the day i don't think that will work. >> chris: any responsibility... >> look, we are going to prosecute the campaign, in the way that we have always planned, we'll give the country a very
. the basically believe if we spend another $5 trillion on tax >> don't boo, vote. >> >> he has one thing he did not do in his first four years, which is to raise taxes. is there anybody who thinks raising taxes will help the economy? his plan is to continue what he has done before. the status quo has not worked. we cannot afford them a more years of brought the bomb. >> wednesday, president obama and mitt romney meet in their first presidential debate. watch and engage with c-span. post debate, your reaction, calls, e-mails, and tweets. >> not a debate between former wisconsin governor tommy thompson and u.s. rep tammy baldwin. this debate is hosted by the wisconsin broadcasters association. the cook political report raised his race a tossup. this is one hour. >> good evening. radio and television broadcasters are pleased to continue our public affairs broadcasts tradition began in 1990 sponsoring debates in major political campaigns. the debate will be broadcast over 80 wisconsin television stations. this evening's debate will engage the two leading candidates in their first face- to-face deba
round of stimulus and higher tax returns rates on job creators. we are offering specific reforms. strengthen social security. grow jobs. have an energy policy that unleashes american energy and has energy independence. >> chris: the fact that the message hasn't gotten through as effectively as it could so far is, that your fault, the romney campaign fault report voters' fault? >> it is not the voters' fault. i think the president has done an effective job of trying to confuse the issue and distract people. i don't think that is going to work. >> chris: do you take any responsibility? >> we going to pros is cute the campaign in the way that we always planned which is we will tiv this country a very clear choice. do you want stagnation and dependency or growth and opportunity? the problem is not everybody knows our five point plan for a stronger middle class. not everybody knows that we have the solutions that will get people better job security. >> chris: let's talk specifics. >> no matter how many times they tell you they will start talking specifics really soon they don't do it
growth. if you have taxes going up in the united states and expenditures going down ultimately that has to happen if you are going to solve that math problem in a slow growth while. >> at the same in europe and the same everywhere. we all grew up with spending more money. we only have to do two things, spend more money to charge of the economy and spend less money in order to shrink the deficit. all goes to show whether you're a country or a company is when you get in trouble here options are reduced. and so this is not easy and of course the options have been reduced. you can't go out and have another stimulus and look at the consequences to the balance sheet as a result of what that will be. what you are going to have to do i think is you are going to have to not shrink -- not push austerity in the near term because that is the fiscal cliff then you will have to keep going on certain things and not the stimulus but not take away the punch bowl within the near term but you are going to have to convince the market and the lenders and galvanize the country that in the longer term you are
taxes on the middle-class. we have made changes here in the state of nebraska that grows this economy. that is why i am running for the united states senate. they want a change of leadership in washington. we have a senate in washington that hasn't passed a budget, let alone a balanced budget. we can change that. that is why i am running for the united states senate. i want to pass a balanced budget. i'm not your usual politician. obviously i am not one of the good ole boys, and i will make the tough decisions in the united states senate. we'll roll up my sleeves and work hard for you, and i will fight for you. i will fight for all people. thank you. >> thank you. now the opening statement from former nebraska governor and senator bob kerrey. >> i love nebraska. i was born here in lincoln. i went to lincoln northeast high school. i left nebraska, went to war and came home. i recovered from my injuries here in lincoln. i started a business that today employs more than 700 people. i have served you as your governor. we balanced the budget and the economy recovered. i served as a senator
are jobs. i will be the only candidate advocating eliminating income tax, corporate tax, abolishing the irs and replacing that with one federal consumption tax. i embrace the fair tax. i think that is the answer to jobs. if the private sector does not create tens of millions of jobs, i did not know what it will take to create tens of millions of jobs. it is the entry to china. i see manufacturing jobs flocking back to the united states. are you hearing these things from these other two guys? no. they are arguing over who will spend more money on medicare. romney said he wants to increase spending for the military and balance the budget. it doesn't add up. i guess we believe in santa claus and the easter bunny and i do not think they are coming. host: gary johnson is with us and will add a third line for third party voters. we will get to your calls in just a couple of moments. what is the strategy for the rest of the election? guest: right now there is a lot of attention that is being drawn to what it is that i am saying. i'm being recognized for being at 6% nationally. i'll ask you an obvi
out enough in debt, and enough taxes we have made changes that grows this economy, and that is why i am running for the united states senate. to change the want leadership in washington. we can change that. that is why i am running for the senate. i want to pass a balanced budget. i am not your usual politician. i'm not one of the good old boys pay ed i will make this tough decisions in the united states senate. i will roll up my sleeves, work hard for you, and i will fight for you. >> now the opening statement from bob kerrey. >> thank you. i love nebraska. i always have and i always will. i was born here in lincoln. i left nebraska and went to war and came home, and i recovered from illness in the lincoln. i started a business that employed more than 700 people. i served as your governor, balancing our budget, and i left after four years and went back to business. i served as your son that -- as your senator, and again we balance our budget. i am a candidate for congress for the senate because congress needs to change, and i will fight to make that happen. i have never had and neve
have a full screen that shows his tax plan. he showed that he wanted across the board tax cuts for everyone. to make it revenue neutral depends on economic growth across the board. i believe in that. if you lower taxes that increases growth. that is the school of economic thought i studied. do you think the average american person believes if you lower rates across the board you can keep revenue the same or even raise it, if the economy agrees? >> well i think they believe that if, with the important addition that governor romney laid in there which was, he was going to in essence, pay for it, to make it revenue neutral, close loopholes, deductions, credits for the wealthy. average american looks attacks system, finds it too cumbersome, too expensive. and believes it is riddled with deductions and loopholes benefit the wealthy. that sinks with the populist attitude of americans. he made the point we're in bad economic times. now is not the time to raise taxes on anyone, particularly small businesses which, i think was very attractive feature of last night's debate. melissa: i w
's why he cut taxing for families and small businesses. balls we believe that teachers and firefighters should not be paying higher tax rates than millionaires and billionaires, not in america. [applause] he got the all the industry back on its feet and today new cars are rolling off the line at proud american companies like g.m. and yes, while we still have a long way to go to rebuild our economy, understand we have had 30 straight months of private sector job growth, a total of 5.1 million new jobs under this president! good jobs. right here in the united states of america. [applause] let's talk about the health of our families. see, barack didn't care whether health reform was the easy thing to do politically. that's not who he is. he cared that it was the right thing to do, and thankfully because he fought for health reform, today our parents and grandparents on medicare are paying hundreds less for their prescription drugs. our young people can stay on their parents' insurance until they're 26 years old. [applause] insurance companies now have to cover basic preventive care. things
have taken on issues. we have cut spending, balanced our budget, and we provided tax relief. that is what we do in nebraska, and that is what we need to do in washington. nebraskans are saying enough. they are ready for real change we need to have somebody there who is going to take the nebraska way to washington, and i promise that is what i will do. >> let me assure you that i am still bob kerrey. i looked a little different than i did before, hopefully a little wiser. you know me, you know i went to war, came to nebraska and started a business. i was your governor when we had a recession, and we came through for you. i was your senator when the nation had a recession, another large deficit. we got the job done. i am a candidate because washington is a mess. both parties have made commitments that we cannot keep, and nobody wants to do anything about it. i promise to go to washington to change our congress, and i promise to work with republicans to get our budget balanced so we can set a different course. my opponent promises more of the same. she signed a pledge at that w
and a tax cut. that was done with the republican governor, is split between republicans and democrats in the house and senate. it was a bipartisan effort. we got it done for texas. road. been on the i really do not know. >> mr. sadler, a democrat has not won a statewide office in texas since 1994. do you consider this an uphill battle? >> for an open senate seat, it is always a battle, and should be, and needs to be, regardless of the party. i understand we have not elected a democrat in a long time. >> let's go to mr. cruz. he said the day after you beat lt. governor dewhurst, he said he would run scared for the general election. but you have agreed to this and what other debt -- televised debate. you criticized governor dewhurst for having almost 40 candidate forms up to the primary, but are you planning its eighth and coasting? safe and coasting? >> we have been crisscrossing the state of texas. we have been all over the state, literally hundreds of dop's and vfw halls and enny's talking with voters in every part of the state. that is what we are doing between now and election day.
substantive, and i wish he would do tax reform -- i don't think he is going to do that -- or find some way in the very end to convince people what he is, which the actress is, a decent human being -- she actually is, decent human being. >> romney said, but what my heart aches for the people i've seen and i want to help them." the voters are not getting that message. >> the problem that he has -- call it relate ability, call it whatever you want -- is compounded by the 47%. remember john kerry? "before i voted against the $87 million, i voted against it." that played into the negative narrative of john kerry being a flip-flop. away47% tape that won't go plays into the stereotype of romney as an aloof, detached, uncaring, and not able to show any empathy for people who are not in his social or economic bracket. >> from the politico piece, "rare is the moment where romney sings the praises of the working stiff, the which is pulling a double shift." mike huckabee told the jay leno, "romney reminds you of the guy who fired tear." -- fired you." >> romney is not going to be at the clinton who fe
four years ago. i hate to say that. this is a choice between tax cuts and tax hikes. you need to make that case. now i want to hear from our panelists in the kudlow caucus. former clinton white house aide, keith boykin. rick lazio, former republican congressman from new york. rick lazio, i begin with you, good evening to you. >> hello, larry. >> this is a gigantic audience, the key issue of our time is still the economy and jobs. so far mitt romney has not been able to make the sale. that's what the polls show. that's why this thing is close. why hasn't he and what's he going to do tonight differently than he's done in the past. >> i think he's going to make the contrast with president obama, why expanding the pie is in the national interest. not redistributing an ever slowing economy but expanding the pie so everybody gets a job that wants a job, people's salaries are rising. i think he needs to lay out the picture, paint the picture for the audience, frankly, larry, of what america would look like after four years of pro-growth policies. more kid graduating and getting jobs that the
. governor romney says he would bring relief to the middle class. >> i don't have a $5 trillion tax cut. i don't have a tax cut that you're talking about. we should provide relief to the people in the mid class. high income people are doing just fine in this income, they'll do fine whether you're president or i am. the people having a hard time right now are middle income americans. under the president's policy middle income americans have been buried, they are being crushed. jon: mr. obama with this argument. >> the fact is that if you are loring the rates you describe, governor, then it is not possible to come up with enough deductions and loopholes that only affect high income individuals to avoid either raising the deficit or burden evening the middle class, it's math, it's arithmetic. jon: today it's back to the campaign trail. mr. obama in denver, and then to wisconsin. governor romney is in virginia where the most recent "real clear politics" average shows president obama leading with 47% of the vote, governor romney with 44. virginia has 13 electoral votes up for grabs. that's wher
or tax rises and balance the budget over a longer timescale. a plan that, even at the end of this parliament, will see public spending account for 42 per cent of gdp -- higher than at any point between 1995 and 2008 when the banks collapsed. and a plan that, because it commands the confidence of the markets, has given us the room to create a business bank, provide billions of pounds of infrastructure and house building guarantees and an £80 billion funding for lending scheme -- the biggest of its kind anywhere in the world. of course so much of this is about perception. people keep telling me we should be doing what barack obama did with his fiscal stimulus. what they don't tell you is that much of what the president had to legislate for, we are already doing automatically. so let's not allow the caricature of what we are doing go unchallenged. if plan a really was as rigid and dogmatic as our critics claim, i'd be demanding a plan b, and getting danny and vince to design it. but it isn't. which is why you were right, earlier this week, to overwhelmingly reject the call f
on the for the past 18 months. he even through the tax policy away. he just changed everything. it was really unbelievable. i think many people looked at him being more aggressive. that is what they were rewarding. once people started paying attention to exactly why he said, they would see that his -- that he told so many lies and distorted what he was trying to say. i think the president look very presidential. he was not aggressive. he explained exactly what he wanted to say. i thought the whole purpose of the debate was for each one to explain what their policy was. romney just completely changed. that is what was so -- i guess it is not so surprising, because that is what he has done is flip-floping. i hope the president would get an ad out or they show what he has been saying and what he said last night. host: that was an from north carolina. this is from the president's home town newspaper. pieces.susan page's -- piece. she writes -- the podium in front of him not even adorned with the presidential seal. at times he sounded annoyed and defensive about having his tenure challenged in a w
there be anything surprising that emerges from there? mike the committee be smaller tax >> we were talking about rumors earlier in the context of -- might thed committee be smaller? >> we were talking rumors earlier. probably the u.s. is on the side, a minor concern that may have affected by a day or two. but fundamentally i think this got decided out of an internal logic in china, and not looking at united states. my own personal guess is that if you look at the pool of people eligible to be the next and the commit -- standing committee, we may have some difficulty deciding which fisher going to get pulled out of the pond. it is revealing to look at the fish in the pond, the totality of what they are choosing among and what we're looking at is a more diverse group of people in terms of education, business, law, even humanity, to some extent. we are looking at a broader generations. we are looking at people, we were talking about xi. he has some enormous experience, my those leaders from all over the world visiting his city. i think we are looking at people experienced in the world. when we look
' goal on a trillion dollar tax hike on those making more than 200,000 a year or family 250,000. >> people in the middle class has been squeezed or buried as the vice-president said. and romney's remarks, inelegant. 47%, he renounced it once and for all. >> completely wrong and i absolutely believe, however, that my life has shown that i care about 100%. >> and hoped with those remarks, romney would lay those to rest and close the door on that. to prevent that the democrats were pumping out attack ads to keep it very much. >> bret: carl cameron, on your last point, almost everyone talking about wednesday's debate says mitt romney did pretty well or won, but how he won, that's the question, as carl mentioned, that has entered the post debate spin cycle. >> governor romney may dance around his positions, but if you want to be president, you owe the american people the truth. >> stretching the truth or worse, that's how mitt romney won the debate. it's now a familiar refrain from democrats. echoed by sympathetic media outlets. >> i give him credit for a strong performance. i gi
another $5 trillion on tax cuts for the wealthiest americans, if we get rid of regulations on wall street, then all our problems will be solved and jobs and prosperity will trickle down on all of you, debts will disappear, we will live happily ever after. there is only one problem with that. we tried that in the ticket before i became president. it didn't work. top down economics never works. we don't need to double down on the same trickle-down policies that got us into this mess in the first place. we don't need policies that just help folks at the very top. that is not how the country grows. that is not how we succeed. we succeed when at the middle class gets a bigger, when more people have a chance to get ahead and live up to their god- given potential. far when we very have leaders who write off half the nation as a bunch of the victims who don't take responsibility for their lives. let me tell you, i have been to nevada in line. you guys may get tired of me. but as i travel around the state, i don't see a lot of the victims. i see a lot of hard-working nevadans. [applause] i see stu
of europe. france's new socialist government unveiling plans for a 75% super tax. stuart varney host of "varney & company", fox business network. glad you're happy you left 35 years ago. what's up? >> germany is telling france hey, you got to get that budget deficit under control, big budget deficit is verboten the socialist president of france, francois hollande, tax the rich, not so rich, capital gains, profits, you name it, there will be a big new tax. on upper end of income every dollar over a certain level the french government will take 75 cents. rip it right out of your hand. 75 cents on the dollar. more than $200,000, they take 45 cents on the dollar, almost half. bill, this is a massive gamble because france's economy is dead flat, teetering on recession. 10-year high for unemployment and france puts in place huge tax increases. bill: i'm reading the two measures bringing around half a billion euros. >> that's it. >> what will that do for them? >> not much. there are other taxes as well which will bring in a total they think of 20 billion euros. bill: higher tax rates on div
, making it look like he is writing off half the country. i wish he would do it tax reform -- i don't think he is going to do that -- or find some way to convince people what he actually is, a decent human being. >> he said this week, "my heart aches for the people i have seen. there are so many in the country that are hurting and i want to help them." the voters are not getting that message. >> the problem that he has -- call it or late ability or what you want -- remember john kerry? "before i voted for the $87 million, i voted against it." that played into the negative narrative of john kerry as being a foot locker. -- flip-flopper. this tape played into the stereotype of mitt romney as an aloof, detached, uncaring, just unable to show empathy for people who are not in his social or economic bracket. >> from the politico piece," rare is the moment when romney sings the praises of the working stiff." mike huckabee told the jay leno romney reminds you of the guy who fired the of. >> -- fired you. >> look, romney is not going to be the clinton who feels your pain. he is not a great politici
should pay some federal income tax, but is a fix for that a sure loser on the campaign trail? connell: how about this for those of you watching the market, don't buy gold, why that might be the case. u.s. gold. first, let's take a look at the oil market. we will be right back with more "markets now." we asked over 3,000 doctors to review 5-hour energy and what they said is amazing. over 73 percent who reviewed 5-hour energy said they would recommend a low calorie energy supplement to their healthy patients who use energy supplements. seventy-three percent. 5-hour energy has four calories and it's used over nine million times a week. is 5-hour energy right for you? ask your doctor. we already asked 3,000. dagen: a quarter past the hour. or almost. every 15 minutes, stocks now, apologizing today, i love this story. nicole: tim cook and the apple team doing a big "i'm sorry." what you're seeing is apple stock reflecting the frustration of users with the new maps and their own software they promised they are working to develop better. but in their own maps, that has been the one bonus wit
on c-span2, a look at what happens to individual taxes if the bush era tax cuts expire. former congressional budget office director douglas holtz-eakin and other economists look at the issue. our live coverage from the urban institute here in washington, d.c. starts at noon eastern. >> every generation through our history has worked and sacrificed to leave a better country to their children and grandchildren and future generations. we, we were then spending their money, we are now even more, much more, spending their money, and we are leaving them a mess that will be a very difficult to deal with, and if we are that weak, just think of who wants to come here first and take us over. now, the last thing i ever want to see is to see our country taken over because we're so financially weak we can't do anything. >> uh-huh. >> and we're moving in that direction. we're on the edge of the cliff, and we have got to start fixing it now, otherwise we're leaving a disaster to our children and grandchildren in the future, and we could even lose our country. >> ross perot, interviewed by "us
has been running around the country for the last year promising $5 trillion in tax cuts that favor the wealthy. the fellow on stage last night said he didn't know anything about that. >> now larry, mitt romney is speaking this evening in virginia. we'll see both candidates in virginia and ohio over the next 24 hours. that will give viewers on television a chance to decide whether that was the real mitt romney last night or it was the real barack obama at the debate, larry. >> all right. many thanks, we appreciate it. >>> so mitt romney outhustled, outfacted, outenergized and outinformed president obama. msnbc's chris matthews, an old pal of mine, completely went off the rails. take a listen to this. >> where was obama tonight? romney, i love the split screen. staring at obama. addressing him like the prey. he did it just right. i'm coming at an incumbent. i got to beat him. you got to beat the champ and i'm going to beat him tonight. what was romney doing? he was winning. >> he sure was, chris. he was winning big time. so now that romney is on a roll, where does he run after last n
work and have children. the reason they don't pay federal income taxes is because the median income is as low as 1995. until the current election season, republicans and democrats supported both the child tax credit and the earned income tax credit. i doubled the earned income tax credit. it was signed under the tax credit. reagan started it. we started it with a strong support of republicans in congress. president bush dealt with that, then president obama increased the earned income tax credit for families with more than three children. this is a rejection of basically more than three decades of bipartisan policy to support working families. it's not a bunch of free loaders. there's only 4% of the total population who don't pay federal income tax and don't work and may not be looking for work. we now have the numbers on this, so, i think that most important thing for him is to find a way to relate to more people in these debates and speak to more of them. this is not the republican primary anymore. >> is he principled, do you think? mitt romney? >> that's not the issue, to me. i t
and feeding off taxpayer money and not doing their job. .. and to close at, what is taking a 15% tax increase or we would have to reduce our personnel by 10%. that is 40 out of 400 employees would have to let go. so for the last 10 months, this is in my largest haul. i've the market every day in the budget turned to come up with creative ways to increase revenue, creative ways to reduce costs. we have a laundry list of initiatives. and yesterday, i propose my budget proposal for the next year that will close the $3 million deficit with only three layoffs in the 2.7% tax increase. a full percentage point below the average of the last four years. back on about 12 likes on facebook. i got some presidential, 500 likes on facebook. this'll be a real head, sherry. >> sometimes a refresh. there must not be reading it. >> but it is as a tool, the important conversations, those have to have when you have so much attention. they can give you their attention. you can give them yours. there is no push but my to replicate that. but as a forum, to share the implications and sometimes to allow a dialect to
of canada to warrant is really a tax on the ground? >> the more important question, paul, is that isn't the red line in the minds of the israeli? canada has been consistent in saying that we continue to encourage the international community, the united nations, to keep the pressure on the iranian regime, to pursue sanctions, to pursue them -- diplomatic pressure where and when we have the opportunity. unfortunately, those opportunities are becoming less and less obvious. they are less and less effective. the preferred option always will be and remains these alternatives to keeping the pressure on on iran to bring about more acceptable behavior. trying to shift to the attitude of this regime and their leadership has proven to be enormous the challenging. >> my question was do you or do you not endorsed the prime minister of israel's red line. >> the israelis are going to make their own decisions. they will consult with their allies. they will continue to signal clearly their alarm over the nuclear ambitions of iran. we will continue to work with them, but these are sovereign decisions.
caucuses control their own taxes. republicans, their caucus would control all the taxes that republicans pay, and we republicans could pay for all the b.t. bombers and the infrastructure, all the things that we want, and the democrats can take all of their taxes they collect and pay for the social programs. and then, in the middle, all the sings that we both absolutely agree on, we just cut it in half and pay for that and then that way the things that each other don't like, both sides, we'd be able to pay for their own things that they want. host: that is a very interesting way of looking at taxation, randy. we're going to continue our conversation about one party versus divided government with paul. paul is calling from wisconsin. he's on our line for democrats. go ahead, paul. caller: hey. yeah, i definitely believe in a one-party system. i think if barack obama would have been able to get his policies throughout, his unemployment rate would probably be about 7% with all them jobs programs. you know, the republicans were trying to do everything they can to stall the economy so they can
the rich shouldn't have any sort of implications of their taxes changed. senator menendez, you will portrayed be a tax-and-spend liberal. let's move beyond clichÉs right now. tell me specifically, what one thing about your opponent makes him less qualified than you to serve in the u.s. senate. senator kyrillos, you can go first. kyrillos: well, senator menendez mentions the middle-class. he mentioned it tonight, does it fairly often. but up, the middle-class is not doing very well at all. we've got to do better. and so, you know, i read the press releases that you put out and i've heard your opening statement, but i don't hear any action items about how we are going to do it better. and so, i've got a plan. i know that if we do what we've been doing, more of the same, well, we will have the same outcome and that is unacceptable for the people of new jersey and unacceptable for americans. so let's do some things differently. if your way worked, well, we would have 43 straight months of 8% plus unemployment. let's get the job done. >> moderator: senator menendez. menendez: my op
it first budget. its expected to whicheverdelives of tax hikes. meantime european policymakers are appraising spain's reform plan. but today the government must brace for the results of the banking stress tests that will determine the recapitalization needs of the country's most troubled lenders. we have steve sedgwick following the story in thmadrid, but firs out to stefane in paris. it sounds like there will be a contrast with the spanish budget. it's tax hikes that seem to be the focus. >> in france it will be focus on tax hikes. that's the decision about to be announced by the french government. basically 20 billion euros in additional taxes in the budget for the next year. and only 10 billion euros in spending cuts. that's the plan to reach the deficit target. that's the best case scenario because the budget is based on a growth assumption of 0.8% which seems to be far too optimistic. plenty of private economists believe the french economy won't grow more than 0.3% next year. in that case, the government will need to find an additional 5 feweuro of spending cuts on t of wh
, but trails on virtually every other big issue, including medicare, taxes and foreign policy. keeping them honest, when it comes to some of those issues, both candidates have come up short either on specifics or credibility. issues like cutting taxes without ballooning the deficit or burdening the middle class. the romney campaign has been asked again and again for specifics. here's runningmate paul ryan just yesterday on fox news. >> there's been a traditional democrat and republican consensus lowering tax rates by broadening the tax base works. and you can -- >> i have to -- you haven't given me the math. >> well, i don't have -- it would take me too long to go through all of the math. >> chris wallace kept trying but came away empty-handed. he's not the only one. take a look. >> which of the deductions are you going to be willing to eliminate? which of the tax credits are you going to -- when are you going to be able to tell us that? >> we'll go through that process with congress. >> give me an example of a loophole that you will close. >> i can tell you that people at the high end, hig
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